RugbyRebels

A couple of interesting stories out today:

Just days after the Brazilian Senate voted to suspend former President Dilma Rousseff and subject her to an impeachment trial, the country's new right-wing government is already planning to balance the budget on the backs of the poor. http://www.truth-out.org/news/item/3615 ... f-the-poor

he unelected government of Michel Temer in Brazil, imposed after the country's Congress ousted President Dilma Rousseff, was also praised by the New York Times for being “open to expanding cooperation with the United States.” http://www.telesurtv.net/english/analys ... -0037.html

Coup in Brazil: the International Connection
by Pedro Marin | OutrasPalavras

https://off-guardian.org/2016/05/23/cou ... onnection/

rowan wrote:A couple of interesting stories out today:

Just days after the Brazilian Senate voted to suspend former President Dilma Rousseff and subject her to an impeachment trial, the country's new right-wing government is already planning to balance the budget on the backs of the poor. http://www.truth-out.org/news/item/3615 ... f-the-poor

he unelected government of Michel Temer in Brazil, imposed after the country's Congress ousted President Dilma Rousseff, was also praised by the New York Times for being “open to expanding cooperation with the United States.” http://www.telesurtv.net/english/analys ... -0037.html

That Truthout article is just dreadful in economic terms. Sometimes the left is its own worst enemy.

The last thing Brazil needs is a fiscal balance. That's just neoliberal dogma.

Economics is not my strong point. Guess that's why I'm always broke...

rowan wrote:Economics is not my strong point. Guess that's why I'm always broke...

The rich have succeeded in brainwashing much of the world into believing that government deficits are bad and that government 'debt' is a cost to the public at some future point that taxpayers have to 'pay back'.

It's all a pack of nonsense. Just flat out lies that have no relation to any reality.

The left needs to stop playing the game and stop allowing the establishment to frame the narrative in their terms.

Government deficits are private sector income and saving. Government 'debt' is private sector assets.

Governments cannot balance their fiscal position when the non-government wishes to save and trying to do so will drive the private sector into recession.

The PT made the classic left(ish) party mistake of trying to appear 'fiscally responsible' by cutting spending when the opposite was needed. So their cuts drove up unemployment and deepened the recession thus laying the foundation for their political demise.

Arminio Fraga: president of the Bank of Brazil (4 March 1999 – 1 January 2003) (left) hedge fund manager and associate of George Soros, Quantum Fund, New York, Dual Citizenship Brazil-US.

Henrique de Campos Meirelles, President of Bank of Brazil, ( January 1, 2003 – January 1, 2011). Dual Citizenship Brazil-US.

President and COO of Bank Boston (1996-99) and President of FleetBoston Financial’s Global Banking (1999-2002). In 20o4, FleetBoston merged with Bank America. Prior to the merger with Bank America, FleetBoston was the Seventh largest Bank in the US. Bank America is currently the second largest bank in the US.

After having been dismissed by Dilma in 2010, Meirelles made a come back. He was appointed Minister of Finance by the “interim President” Michel Temer.

Ilan Goldfajn, chief economist of Itaú, Brazil’s largest private bank. Goldfajn [Golfein] was appointed by Michel Temer interim “government” to head the Central Bank. (May 16, 2016). Dual Citizenship Israel-Brazil.

Goldfajn had previously worked at the Central Bank under Arminio Fraga as well as under Henrique Mereilles. He has close personal ties to Prof. Stanley Fischer, currently Vice-Chair of the US Federal Reserve. Needless to say Golfajn’s appointment to the Central Bank was approved by the IMF, the US Treasury, Wall Street and the US Federal Reserve.

It is worth noting that Stanley Fisher had previously held the position of of Deputy Managing Director of the IMF and Governor of the Central Bank of Israel. Both Fischer and Goldfajn are Israeli citizens.


http://www.globalresearch.ca/wall-stree ... at/5526715

rowan wrote:

Says it all really. Democracy is what Washington says it is.

And if you look up the thread there's plenty of people here who are happy to go along with that definition. Even ones who'd call themselves progressives.

Fascist times.